European high yield 2024 — Ding dong merrily on high yield
- Matthew Hughes
- +Ryan Daniel
- + 1 more
What a year it’s been. With the European high yield market printing at pace across every quarter, 2024 produced the second highest volume year of the decade (€132bn equiv.), behind only the white-hot market (€165.bn equiv.) of 2021.
With the LBO pipeline unplugged in the second half, and some bold opportunistic divi recaps, 2024 finally relit the flow of new money deals into the HY markets — with M&A activity tipped to return in 2025.